Michael D. Fletcher

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Google Glass is for sale again

Ready to become a Google Glass "explorer?" You've once again got the chance.<p>One month after putting a limited stock of Glass on sale for a single day, Google said Tuesday that the face-mounted computer is available to consumers once again.<p>Last month was the first time Glass was made available to …

AstraZeneca bid is threat to UK science, says committee chair

The chair of the science select committee, Andrew Miller, has written to the science minister David Willetts to express his growing concerns about Pfizer's £63bn takeover approach to AstraZeneca, adding to the overwhelming sense of unease within Britain's science community.<p>The committee said its …

Putin hopes China can solve Russia’s budget woes, but he’s in for more misery

Russian president Vladimir Putin, undermined by US shale gas in his main export market of Europe, has long hoped to find a friendlier customer in China. But it turns out that cheap US natural gas is tormenting him in Asia, too.<p>For years, a Sino-Russian deal on natural gas has been held up by a …

Bank of England in no rush to raise interest rates

Bank Governor Mark Carney says there is enough spare capacity in the economy for interest rates to stay low, but adds that the time for rate rises is edging closer<p>Interest rates will remain on hold this year, the Bank of England has signalled, but households must be prepared for a gradual increase …

Ecclestone bribery trial hears from jailed German banker

<b>A German banker who alleges he was bribed by Bernie Ecclestone has testified for the first time at the corruption trial of the Formula 1 boss.</b><p>Mr Ecclestone is accused of paying a bribe of $44m (£26m) to Gerhard Gribkowsky to secure the sale of a stake in the F1 business to a company he favoured.<p>He …

Corruption

AstraZeneca takeover: Nick Clegg turns up the heat on Pfizer

Deputy prime minister Nick Clegg turned up the pressure on Pfizer on Friday over its £63bn pursuit of Britain's AstraZeneca, urging it to make a binding commitment to UK jobs and research and warning it would be "pretty daft" to mount a takeover without government backing.<p>The Lib Dem leader played …

Rupert Murdoch's £8bn bid to merge European TV assets

BSkyB reportedly preparing a €10bn (£8bn) deal to buy Sky Italia and Sky Deutschland from 21st Century Fox<p>News Corp boss Rupert Murdoch is looking to merge his European television assets, according to reports.<p>BSkyB, the British pay-television business, is reportedly preparing a €10bn (£8bn) deal to …

The Alibaba IPO Readies for Lift Off

On May 6th Alibaba Group Holding Limited formally started the process for an IPO in the US, a highly anticipated listing given the size of the offering, the impact of the issuer on the Chinese economy, and the 15 eventful years that have elapsed since the company was founded.<p>The filing caused me to …

UK workforce: Living and working longer

The Global Benefits Attitudes Survey from leading professional services company, Towers Watson, reveals that 78 per cent of UK employees are …

Ford, Chrysler each announce large recalls

Ford and Chrysler both issued recalls Friday, adding to the growing list of vehicles in need of repairs coming from automakers this year.<p>Ford recalled more than 750,000 Escapes and C-Max vehicles in North America for two separate issues.<p>One is a software problem that delays the deployment of side …

UK factory output grows at fastest quarterly pace since 2010

LONDON (Reuters) - British factory output grew at its fastest pace in nearly four years during the first quarter of 2014 and the trade deficit narrowed, official data showed on Friday, adding to signs that the economy is rebalancing.<p>Jamal Ali works on tension tube assembly at the Brompton Bicycle …

Blackberry and Foxconn agree a five-year deal

<b>Struggling smartphone maker Blackberry has agreed a five-year deal with Foxconn, the big Taiwan-based maker of electronic products and components.</b><p>The two companies will initially work on the development of a new smartphone.<p>Blackberry also announced on Friday a third-quarter loss of $4.4bn (£2.7bn), …

Foxconn

Wall Street Market Report

Wall Street

Deutsche Bank to pay $1.9bn to settle US law suit over mortgages

Deutsche Bank will pay $1.9bn to settle a law suit with the US Federal Housing Finance Agency over mortgage-backed securities, part of the bank's efforts to resolve a long list of legal issues.<p>The suit was Deutsche's single largest mortgage-litigation case, covering allegations that the bank did …

JP Morgan, Deutsche: Bank Instant Messaging Headache Gets Worse

J.P. Morgan is planning a ban on traders’ instant messaging, a sign of the worsening headache that banks face around controlling staff communication.<p>As traders use myriad communication methods, keeping track of what is said and enforcing proper policy is proving a serious challenge for IT and risk …

The American Factory Revival: Not a Manufactured Hope

It’s inspiring. It’s exceedingly helpful to the U.S. economy and to jobs, in particular. But is there a manufacturing resurgence in the U.S., or is the “Made in America” rebound no more than anecdotal?<p>Hal Sirkin, senior partner at Boston Consulting Group, said unequivocally that a revival in …

Can the bull market last another year? | Financial Times

For all type of investors, one question for 2014 dominates all others: can the great bull market in risk assets, especially in US equities, continue …

China manufacturing PMI slows but recovering trend holds

Preliminary manufacturing PMI for China came in at 50.5 for December - the lowest in three months<p>China's manufacturing activity in December expanded at its slowest rate in three months but the recovering trend in the sector is "holding up", said HSBC said Monday.<p>The bank's flash - or preliminary - …

GM shakes up auto industry men's club, naming first woman CEO

DETROIT (Reuters) - General Motors Co (GM.N) CEO Dan Akerson will step down next month and be replaced by GM “lifer” and global product chief Mary Barra, a sign that the development of new vehicles will be the paramount focus of the company that emerged from bankruptcy four years ago.<p>The …

America's Happiest Companies

In 1849, two cousins founded Charles Pfizer & Company in a modest red brick building in Brooklyn, N.Y. Little did they know, the company would grow up to be one of the world’s largest pharmaceutical companies, with the nation’s happiest employees.<p>For a second consecutive year, the multinational …

RBS finance chief Nathan Bostock quits after just 10 weeks

Nathan Bostock, who was appointed finance director at RBS on October 1, is to join Santander, as deputy chief executive<p>Nathan Bostock is to resign as group finance director of the Royal Bank of Scotland after just 10 weeks in the job.<p>Mr Bostock, who assumed the role on October 1, is set to leave to …

NatWest and RBS cards declined on Cyber Monday due to IT meltdown

A technological banking glitch on one of the busiest online shopping days of the year left millions of shoppers unable to pay for transactions using their credit or debit cards.<p>Customers of the Royal Bank of Scotland (RBS) group, which includes NatWest and the Ulster Bank, found that their payments …

Sales Slide Sharply For India's Tata Motors

India car maker Tata Motors reported a 39% drop in November car sales to just 40,863 units in a nation of billions. It is Tata’s worst monthly sales figure since 2010.<p>The company had originally forecast monthly sales, including exports, of 66,500 for November. Last year they sold 62,354 vehicles in …

Europe's Bank Assessment: A Worrying Preview From Ireland

The most important thing happening in the European economy over the next year is the ECB’s comprehensive assessment of large euro area banks. This process will involve an asset quality review, a supervisory risk assessment and a stress test followed by the requirement that banks be recapitalised to …